The changes, effective immediately, create a number of new roles within six core business functions designed to drive innovation, growth, improved communication and value for Resolute Mining’s shareholders.
The senior executive team has been broadened with the number of direct reports to the CEO increasing from three to six with the division of responsibilities and core functions as follows:
- Project delivery;
- Corporate strategy; and
- People, culture and information.
Commenting on the restructure, MD and CEO John Welborn says: “Resolute Mining has been a proven gold producer for more than 25 years. Today’s announced restructure is part of an on-going organisational transformation driven by a new commitment to deliver greater value for shareholders from our operating experience and success.”
“We operate in a volatile industry with high risks and dynamic pressures. Our management structure will continue to evolve to allow Resolute Mining to be a more agile organisation that can deliver growth and profitability. We will achieve this by applying the best possible skillsets in roles that are clearly defined and aligned to best enable Resolute to achieve its principal purpose: rewarding our shareholders.”
The key changes to the senior executive team are:
The appointment of David Kelly in the new position of general manager – corporate strategy. Kelly is a geologist with over 25 years’ mining experience.
He will be responsible for the identification and analysis of operational and corporate strategies, development and enhancement of Resolute Mining’s corporate financial model, liaison with brokers and investment banks, and management of our investor relations function.
The appointment of Paul Henharen in the new position of general manager – project delivery. Henharen is a French speaking project manager and has held senior management roles within a number of international engineering companies.
[quote]He will be responsible for identifying, investigating, and delivering enhancements and innovations to our operations and will assume responsibility for the delivery of Resolute Mining’s internal study programmes and external technical project reviews.
The creation of a new position of general manager – people, culture, and information. This role will encompass the existing function of human resources and expand to include the planning, development, and implementation of strategies, policies and services which drive a high performance culture and ensure Resolute has the human resource capacity to pursue its business objectives.
The role also oversees the development and execution of new information technology systems to support business operations. The company has commenced a recruitment process and a new appointment is expected to be made in the coming weeks.
Elevation of the existing position of general manager – exploration to a CEO report line. This role is held by Bruce Mowat who joined Resolute Mining in 2011. Mowat is an experienced geologist with previous roles with Straits Resources, Goldminco Corporation, and Goldfields Exploration.
The existing positions of chief business development officer and general manager – human resources & administration have been made redundant. As a result, long standing Resolute team members Peter Venn and Marshall Hestelow will leave the company after a short transition period.
Following the restructure, Resolute Mining’s executive management committee will include:
- John Welborn, MD and CEO;
- Peter Beilby, COO;
- Greg Fitzgerald, CFO;
- Bruce Mowat, general manager – exploration;
- Paul Henharen, general manager – project delivery;
- David Kelly, general manager – corporate strategy; and
- New appointment, general manager – people, culture & information.